ST海越(600387) - 2020 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2020 was ¥2,762,746,334.30, a decrease of 59.77% compared to ¥6,867,282,499.30 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥33,476,863.76, down 91.90% from ¥413,483,925.32 year-on-year[17]. - The net cash flow from operating activities was -¥149,139,699.51, a decline of 144.09% compared to ¥338,259,819.63 in the previous year[17]. - The total assets at the end of the reporting period were ¥4,380,798,738.27, a decrease of 3.64% from ¥4,546,177,182.09 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company increased by 3.48% to ¥3,137,543,405.14 from ¥3,032,126,323.39 at the end of the previous year[17]. - Basic earnings per share for the first half of 2020 were ¥0.07, down 91.95% from ¥0.87 in the same period last year[18]. - The weighted average return on net assets decreased by 13.73 percentage points to 1.09% from 14.82% year-on-year[19]. - The company reported a net profit of ¥29,666,402.18 after deducting non-recurring gains and losses, an increase of 311.43% compared to ¥7,210,506.92 in the previous year[17]. - The company achieved a sales revenue of 2.763 billion RMB in the first half of 2020, with a net profit attributable to the parent company of 33 million RMB[29]. - The oil and gas business completed a total sales volume of 277,600 tons, generating approximately 1 billion RMB in sales revenue during the same period[30]. Cash Flow and Financing - The net cash flow from financing activities was ¥1,693,440,444.13, a significant increase of 744.61% compared to -¥262,708,734.47 in the same period last year[17]. - Cash flow from operating activities turned negative at approximately -¥149.14 million, a decrease of 144.09% year-on-year, mainly due to increased payments to suppliers[39]. - The company reported a 744.61% increase in cash flow from financing activities, totaling approximately ¥1.69 billion, due to the recovery of pledged deposits[39]. - Cash inflows from operating activities in the first half of 2020 were approximately ¥3.67 billion, down from ¥8.55 billion in the same period of 2019[112]. - The company's total cash inflow from investment activities of CNY 12,282,700.00, significantly lower than CNY 559,299,174.00 in the previous year[115]. Assets and Liabilities - The total assets at the end of the reporting period amounted to 4,722,610,710.06 CNY, with a significant decrease in accounts receivable by 39.84% to 801,669,601.19 CNY compared to the beginning of the period[44]. - The company's financial assets decreased by 37.25% to 126,181,080.00 CNY, primarily due to the reduction in wealth management products purchased by the wholly-owned subsidiary, Northern Petroleum[44]. - The total liabilities decreased by 49.33% for accounts payable, amounting to 524,241,812.21 CNY, reflecting a reduction in payables from Northern Petroleum[44]. - The company's total liabilities at the end of the reporting period were approximately 1,264.98 million, indicating a growth compared to the previous period[126]. - The total owner's equity at the end of the reporting period is CNY 2,574,782,645.63, showing an increase from the previous period[134]. Shareholder Information - No profit distribution or capital reserve fund transfer plan proposed for the half-year period[56]. - The company has not allocated any bonus shares or cash dividends for every 10 shares held[56]. - The total number of common shareholders at the end of the reporting period is 24,513[81]. - The largest shareholder, Zhejiang Haiyue Technology Co., Ltd., holds 89,934,087 shares, accounting for 19.06% of total shares[82]. - There were no significant changes in the company's share capital structure during the reporting period[78]. Corporate Governance and Compliance - The company maintains independence and complies with regulations regarding related party transactions[58]. - The company has committed to not transferring shares for 36 months following the listing of shares acquired during the transaction[58]. - The company will ensure transparency and fairness in related party transactions[58]. - The company has committed to maintaining independent business operations and governance structures[62]. - The company has retained Zhongchao Zhonghuan Accounting Firm for financial and internal control audits for the year 2020[64]. Operational Performance - The company maintained a stable performance in property leasing and other businesses, adhering to its annual operational plan[32]. - The company has implemented a comprehensive safety management system, with no safety incidents reported during the first half of 2020[34]. - The company conducted 156 training sessions on safety and pandemic prevention measures in the first half of 2020[35]. - The company’s subsidiary, Northern Petroleum, has a significant operational advantage due to its comprehensive operating licenses in the North China region[25]. - The company’s oil and gas business collaborates with major players like Sinopec and PetroChina, enhancing its market position[30]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[141]. - The company adheres to the relevant accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[142]. - The company uses RMB as the functional currency for most subsidiaries, while two subsidiaries in Hong Kong use USD and HKD respectively[145]. - The company follows specific accounting policies for business combinations, distinguishing between same-control and non-same-control mergers[146]. - The group recognizes foreign currency translation differences related to the disposal of overseas operations as attributable to minority interests and not transferred to current profit or loss[162].